Independent Bank Corp. (NASDAQ:INDB) Rating Changes as of May 16, 2018

May 16, 2018 - By Victoria Pittman

Independent Bank Corp. (NASDAQ:INDB) Corporate Logo
During 2017 Q4 the big money sentiment increased to 1.21. That’s change of 0.04, from 2017Q3’s 1.17. 14 investors sold all, 44 reduced holdings as Independent Bank Corp. ratio increased. 46 grew positions while 24 funds took positions. Funds hold 21.68 million shares thus 0.57% less from 2017Q3’s 21.80 million shares.
Parallax Volatility Advisers Lp has invested 0% in Independent Bank Corp. (NASDAQ:INDB). Wealth Architects holds 3,500 shs or 0.08% of its capital. First Mercantile Trust reported 1,130 shs stake. Penobscot reported 3,385 shs or 0.07% of all its holdings. Arizona State Retirement Sys has invested 0.03% in Independent Bank Corp. (NASDAQ:INDB). Btim Corporation invested 0.16% in Independent Bank Corp. (NASDAQ:INDB). 35,285 were accumulated by Citadel Advsrs Limited Liability Company. Public Employees Retirement Association Of Colorado owns 6,705 shs or 0% of their US capital. Tctc Ltd Co owns 5,425 shs or 0.02% of their US capital. Citigroup Incorporated has 9,437 shs. Denver Lc reported 212,883 shs or 0.74% of all its holdings. Teacher Retirement Of Texas reported 0% stake. 5,545 are owned by Trexquant Investment Limited Partnership. Boston Advisors Llc owns 4,925 shs. Legal General Public Limited Com holds 54,890 shs.

Independent Bank Corp. registered $413,066 net activity with 1 insider buy and 4 selling transactions since December 12, 2017. $290,305 worth of Independent Bank Corp. (NASDAQ:INDB) was sold by Nadeau Gerard F on Thursday, April 26. 788 shs valued at $56,141 were bought by Cozzone Robert D on Friday, February 23. On Friday, February 2 1,200 shs were sold by ODDLEIFSON CHRISTOPHER, worth $87,125. 700 shs valued at $48,475 were sold by RIBEIRO CARL on Tuesday, December 12.

Independent Bank Corp. (NASDAQ:INDB) Ratings Coverage

A total of 2 analysts rate Independent Bank Corp (NASDAQ:INDB) as follows: 1 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NASDAQ:INDB) has 5 ratings reports on May 16, 2018 according to StockzIntelligence. On Thursday, December 21 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Monday, February 26 Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) with “Hold” rating. On Monday, December 18 the stock of Independent Bank Corp. (NASDAQ:INDB) earned “Buy” rating by Compass Point. In Friday, April 20 report Keefe Bruyette & Woods maintained it with “Hold” rating and $8000 target. On Friday, January 19 the firm earned “Hold” rating by Keefe Bruyette & Woods. Listed here are Independent Bank Corp. (NASDAQ:INDB) PTs and latest ratings.

20/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $80.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $82.0 Maintain
19/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $78.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $85.0 Maintain
18/12/2017 Broker: Compass Point Rating: Buy Upgrade

INDB is reaching $74.15 during the last trading session, after increased 0.14%.Independent Bank Corp. has volume of 56,566 shares. Since May 16, 2017 INDB has risen 16.23% and is uptrending. The stock outperformed the S&P500 by 4.68%.

Independent Bank Corp. operates as the bank holding firm for Rockland Trust Company that provides commercial banking services and products to individuals and small-to-medium sized businesses primarily in Massachusetts.The company has $2.04 billion market cap. The companyÂ’s services and products include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts.The P/E ratio is 23.24. The Company’s loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans.

A couple more Independent Bank Corp. (NASDAQ:INDB) news were released by: Seekingalpha.com which released on May 12, 2018 “KemPharm’s (KMPH) CEO Travis Mickle on Q1 2018 Results – Earnings Call Transcript”, also Globenewswire.com on May 01, 2018 released “Analysis: Positioning to Benefit within USA Compression Partners, LP, Kadmon, Repligen, Independent Bank, Leggett …”, the next Seekingalpha.com is “Independent Bank’s (INDB) CEO Chris Oddleifson on Q1 2018 Results – Earnings Call Transcript” on April 20, 2018. Bizjournals.com has article titled “Santander gets good news on regulatory, customer service marks”.

Independent Bank Corp. (NASDAQ:INDB) Institutional Investors Chart

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